Paragon Plans to Buy Accent Mortgage

Paragon Financial Corp., Ponte Vedra Beach, Fla., has announced the signing of a letter of intent to acquire Atlanta-based Accent Mortgage Services Inc. within the next 30 days.Paragon said the acquisition will give it a residential loan originating platform with licensing in 20 states. "The consolidating of mortgage brokerage firms across the country allows mortgage brokers access to a significantly higher level of licensing, a broader range of funding sources, and other marketing and support services," said George Deehan, Paragon's chairman and chief executive officer. "These two acquisition opportunities [the other involves a recently announced letter of intent to buy First Charleston Mortgage] plus others we are contemplating demonstrates a compelling level of confidence in our business plan." The companies can be found online at http://www.paragonfinancialcorp.com and http://www.accentmortgage.com.